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RBI may not cut rate before February unless inflation skids, global crisis hits: Axis Bank treasurer

On Thursday, the Reserve Bank of India left the repo rate unchanged at 6.50%, as expected. However, Governor Shaktikanta Das said the central bank needed to move towards the primary target of inflation at the 4% level, and it will do “whatever is necessary to ensure that long-term inflation expectations remain firmly anchored.”

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​ On Thursday, the Reserve Bank of India left the repo rate unchanged at 6.50%, as expected. However, Governor Shaktikanta Das said the central bank needed to move towards the primary target of inflation at the 4% level, and it will do “whatever is necessary to ensure that long-term inflation expectations remain firmly anchored.” On Thursday, the Reserve Bank of India left the repo rate unchanged at 6.50%, as expected. However, Governor Shaktikanta Das said the central bank needed to move towards the primary target of inflation at the 4% level, and it will do “whatever is necessary to ensure that long-term inflation expectations remain firmly anchored.”  Moneycontrol Latest News Read More  

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